SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Yelp Inc. (YELP) on Thursday reported second-quarter profit of $38 million.
On a per-share basis, the San Francisco-based company said it had profit of 54 cents.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.
The online business reviews company posted revenue of $357 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $352.9 million.
Yelp expects full-year revenue in the range of $1.41 billion to $1.43 billion.
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